More stories about Insurance

An engineering firm is raided by prosecutors, an insurance company offers a full payout, and FEMA looks to settle more than a thousand cases as lawyers for homeowners start to play hardball in the Sandy flood insurance fight. And this might be just the beginning.

Federal District Court Judge Joseph Bianco has reaffirmed a magistrate’s financial penalty on lawyers for a flood insurance carrier for concealing details of the back-office revision of field investigative reports into Hurricane Sandy coastal flooding damage claims.

One of the ways FEMA tries to limit flood risk is by purchasing properties that flood too often and tearing them down, leaving the land undeveloped. New Jersey’s buyout program, backed by Federal money, is making progress — but not on the state’s heavily built-up coastal barrier islands. Instead...